What are two basic forms of virtual business?
A) consumer-to-consumer e-commerce and consumer-to-business e-commerce
B) consumer-to-business e-commerce and business-to-consumer e-commerce
C) business-to-business e-commerce and business-to-consumer e-commerce
D) business-to-wholesaler e-commerce and business-to-consumer e-commerce

Question

Quizplus · Accepted Answer

The two basic forms of virtual business are business-to-business e-commerce (B2B) and business-to-consumer e-commerce (B2C). Option A is incorrect because it includes consumer-to-consumer e-commerce (C2C), which is not a form of virtual business per se, but rather a form of online marketplace or platform for individuals to buy and sell goods or services to each other. Option B is incorrect because it lists consumer-to-business e-commerce (C2B), which is a less common form of virtual business where individuals offer products or services to businesses online. Option D is also incorrect because it refers to a specific type of B2B e-commerce that focuses on selling to wholesalers, while B2B e-commerce can encompass multiple types of transactions between businesses.

What Are Two Basic Forms of Virtual Business